KFG Wealth Management LLC Boosts Stake in iShares Exponential Technologies ETF (NASDAQ:XT)

KFG Wealth Management LLC raised its holdings in shares of iShares Exponential Technologies ETF (NASDAQ:XT) by 19.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,119 shares of the company’s stock after buying an additional 841 shares during the quarter. KFG Wealth Management LLC’s holdings in iShares Exponential Technologies ETF were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Safeguard Financial LLC purchased a new position in iShares Exponential Technologies ETF during the fourth quarter worth about $207,000. MV Capital Management Inc. purchased a new position in shares of iShares Exponential Technologies ETF in the 4th quarter worth about $40,000. Cerity Partners LLC boosted its holdings in shares of iShares Exponential Technologies ETF by 444.9% in the 4th quarter. Cerity Partners LLC now owns 21,250 shares of the company’s stock worth $1,272,000 after purchasing an additional 17,350 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in shares of iShares Exponential Technologies ETF by 23.7% in the 4th quarter. Valley National Advisers Inc. now owns 43,960 shares of the company’s stock worth $2,631,000 after purchasing an additional 8,415 shares in the last quarter. Finally, Barrett & Company Inc. boosted its holdings in shares of iShares Exponential Technologies ETF by 1.2% in the 4th quarter. Barrett & Company Inc. now owns 86,293 shares of the company’s stock worth $5,166,000 after purchasing an additional 1,048 shares in the last quarter.

iShares Exponential Technologies ETF Trading Down 1.4 %

Shares of XT traded down $0.76 during midday trading on Friday, reaching $54.45. The stock had a trading volume of 85,718 shares, compared to its average volume of 109,790. The company’s 50-day moving average is $58.96 and its 200 day moving average is $56.52. iShares Exponential Technologies ETF has a 12-month low of $48.10 and a 12-month high of $61.47. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 23.80 and a beta of 1.02.

iShares Exponential Technologies ETF Company Profile

The iShares Exponential Technologies ETF (XT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index that provides exposure to firms from developed and emerging markets, which create or use exponential technologies as defined by Morningstar.